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Malaysia CPI inflation 2.03% y-o-y (consensus 2.1) in Jul-23

- Malaysia's CPI inflation rate in July 2023 recorded a slight slowdown, coming in at 2.03% y-o-y, slightly below the consensus forecast of 2.1%. This represents the lowest growth in inflation since August 2021.
- The CPI inflation rate for July stands 1.48 percentage points below the one-year average and 0.75 percentage points lower than the long-run average, indicating a subdued pricing environment in Malaysia relative to historical trends.

Malaysia GDP growth 2.92% y-o-y (Consensus 3.3%) in Q2-23

- Malaysia's GDP growth in Q2-23 registered a year-on-year increase of 2.92%, marking a surprisingly steep slowdown compared to the previous quarter and the lowest growth since Q3-21.

Malaysia unemployment rate 3.4% in Jun-23

- Malaysia's unemployment rate decreased to 3.4% in Jun-23, reaching its lowest level since Feb-20.
- The unemployment rate is 0.17 percentage points lower than the one-year average and 0.15 percentage points below the long-run average.

Malaysia industrial production -2.22% y-o-y (consensus -1.0) in Jun-23

- Malaysia's industrial production in June 2023 contracted by 2.22% year-on-year, falling short of the consensus estimate of -1.0%.
- This decline marks the lowest growth rate since April 2023 and deviates significantly from both the one-year and long-run averages.